Monday, March 29, 2010
Economic Convergence
It will be Samson's first plant outside China. The company says it can fill some of its product needs at a lower expense in Bangladesh. The 500,000-square-foot plant will be in the port city of Chittagong in southeast Bangladesh, along the northern coast of the Bay of Bengal. Company officials have been working on the project for about two years. Construction began in October and initial production is set for July. The plant will produce a line of lower-medium to medium-priced solid and veneer casual dining sets for Samson's U.S. marketing companies, Legacy Classic and Lacquer Craft USA. The company isn't currently producing such sets in China that hit the price points it can achieve in Bangladesh, said Lacquer Craft President Mohamad Amini. While China remains its main manufacturing hub, the company said it chose Bangladesh because of its lower-cost labor. Amini estimated that labor costs are about 40% of what they are in China. Of course, they are bringing over Chinese managers and technicians to start the plant up, but that's not new as they did that when they moved to China, too. Laquercraft was one of the first Taiwanese factories to move to China to take advantage of lower labor costs there. Since furniture is a relatively new industry to Bangladesh, it will take time to train workers and also to get the supply chain in place, Amini said. This includes anything from finish to hardware suppliers. "There is no furniture presence there," he said, adding that the lack of a furniture infrastructure reminds him of China 15 years ago. "Although we are very optimistic about what we can do there, we will have our share of challenges. But we have done this in China so we know what to do to accomplish our task." Amini said a team of supervisors, technicians and engineers from China will help get the plant running and train workers. Prediction: In 20 years, it will be Bangladeshi supervisors, technicians and engineers flying into Somalia to set up the next factory.Samson/Laquercraft a very large furniture manufacturer originally from Taiwan is opening a factory in Bangladesh. The reason they chose Bangladesh?
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Red A
at
9:56 AM
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Saturday, March 27, 2010
The end of a generation
My grandfather was a great man. Not a mere accolade from an adoring grandson, but great by any standard. Signed up for WWII the day after Pearl Harbor, returned home with his Australian bride six months after the war (due to his plane being shot down a week before Hiroshima and Nagasaki and him having to wonder around Luzon for four months eating mangos), worked for Ford for thirty five years, lost his Australian bride six months after retirement, and cared for the soil the way JHole tends to a beer.
My grandfather came from a family of seven children and I was pretty tight with all of them because that's what my mother wanted. My grandfather passed two years ago, and slowly his brothers and sisters have followed him. This week, the last of his siblings passed away.
My Aunt Nadyne was a dreamer. She and her husband made a million and lost a million at least five times. She had a scheme going all the time and was the perfect example as a child on why not to get involved in the futures markets. As a child I still remember ogling their fancy dance computers long before computers were a normal thing. In college I packed up those same compmuters (now relics) for the foreclosure sale. They had a ranch out of Navasota, TX where they raised cows, bees, grandchildren. We grand nephews and nieces frequented the ranch until we moved far away from it. Her husband hosted the family men on an annual trip to South Texas to "hunt" for deer (hunting meaning wake up, have a spread of food, have two Mexicans drive you out to the styx, shoot a deer, have the Mexicans dress it, return to base camp, eat and drink more, sleep, do it again the next day).
I normally wouldn't post of such personal things, but her story and my grandfather's generation came to a tragic stopping point in Marshall, TX this week. A young man broke into her home, beat her to death and took what few possessions she had left. And so the last of my grandfather's siblings is gone, and all the stories of my aunts and uncles will not be tangible to my children much like the stories my aunts and uncles told me as a tot were just that, stories. But to me the stories of my grandfather and his siblings are real and continue to be so. R.I.P. Aunt Nadyne, 1923-2010.
Her alleged murderer has been caught. Here's a photo.
Here's a story from the local paper. I like how the neighbor refers to her as a spitfire.
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Bread
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4:35 AM
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Thursday, March 25, 2010
Word of the Day: Tongqi (同妻)Homowife
Posted by
Red A
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2:48 PM
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Tuesday, March 23, 2010
Hannibal Update
Been hanging with Jim a bit here in Denver. Hasn't changed. Update complete.
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Bread
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7:28 AM
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Wednesday, March 17, 2010
Face
Yeah, people say the concept of Face is very important in Asian culture.
Posted by
Red A
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1:21 PM
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Dining in Denver
Apparently, when the Denver Nuggets score more than 120 points in a given game Taco Bell offers four tacos for a dollar. What kind of person are they appealing to with this deal? After you buy the required drink to get the deal, you end up saving like fifty cents. There are some really cheap bastards in this world.
So there I was eating my tacos when I realized I was the healthiest person in the facility. The guy next to me had twelve and ate them in less time than I ate my four. Rookie mistake on my part, next time I'm starving myself and going for sixteen.
In other healthy eating news, Denver has Popeye's Fried Chicken which offers two dark pieces for .99 on Tuesdays. So for one dollar I had lunch and for 2 dollars I had dinner. Hello, I'm American and I'll be obese by August.
Alternatively, staying in Denver I have realized there are other types of food than straight American available at eateries. Within walking distance I have four Korean spots, two Ethiopian dives, four taquerias, one Vietnamese noodle shop and several other places I cannot recall off the top of my head. In Missoula we have no Korean spots, no Ethiopian dives, no taquerias and one Vietnamese noodle shop (that actually serves standard Chinese fair). It'll be interesting to witness which places become my regular haunts -- I'm betting on the Popeye's (they have strawberry pop!).
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Bread
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9:02 AM
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Sunday, March 14, 2010
RenMinBi Redux
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Red A
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1:58 PM
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Thursday, March 11, 2010
RMB might rise...
Exports were up 45.7 percent over a year earlier, the Chinese customs agency reported Wednesday, beating analyst forecasts of 35 to 40 percent growth. Imports surged 44.7 percent, the agency said, reflecting growing demand in China as it emerges from the global crisis. "China's trade is extending its recovery," said Zhu Jianfang, an economist for Citic Securities in February's growth rate was boosted by comparison with last year's weak trade amid the global downturn and came despite the weeklong Lunar New Year holiday, when many companies shut down. Zhu said the data increase chances the government might allow China's currency, the yuan, to rise in value. I won't close my RMB account after all. Now, if China were to allow its currency to appreciate, there could very well be a corresponding appreciation by Taiwan and others. So, if you have any Taiwan dollar accounts or don't need to convert your money to USD or CAD right away, it might be smart to wait. Maybe in 6 months, the RMB will appreciate by a large amount and then the TWD would as well as many countries that compete with China have been keeping their currency weak to match China.
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Red A
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12:33 AM
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Sunday, March 07, 2010
"Free" Trade with China
The Chinese Yuan won't be appreciating anytime soon. This is an amazing statement. High unemployment in the West along with low deposit rates, means China will artificially keep the Yuan low to encourage growth of exports. So, using Chinese logic, the US could say, because of high unemployment and Chinese high savings rate, the US will fix the exchange rate with the dollar at a higher rate to boost US exports. (or force all Chinese exporters to "match" their exports with corresponding imports, or whatever hare-brained protection scheme we could come up with) You think China would be okay with that? and, of course, its probably not the US that is the most harmed by this Yuan policy, but poor countries who could be exporting cheap products to the US who are bumped out by the lower priced Chinese goods. China should be moving up the economic responsibility ladder now if you ask me. POSTED HERE EVEN THOUGH ITS BORING BECAUSE NIHOWDY GETS NO POSTS NOW.
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Red A
at
1:46 AM
1 comments
Wednesday, March 03, 2010
Craig's List
|
Date: 2009-05-27, 1 :43 a.m. E.S.T.
I was the guy wearing the black Burberry jacket that you demanded that I hand over, shortly after you pulled the knife on me and my girlfriend, threatening our lives. You also asked for my girlfriend's purse and earrings. I can only hope that you somehow come across this rather important message.
First, I'd like to apologize for your embarrassment; I didn't expect you to actually crap in your pants when I drew my pistol after you took my jacket.. The evening was not that cold, and I was wearing the jacket for a reason.. My girlfriend had just bought me that Kimber Model 1911 ..45 ACP pistol for my birthday, and we had picked up a shoulder holster for it that very evening. Obviously you agree that it is a very intimidating weapon when pointed at your head ... isn't it?!
I know it probably wasn't fun walking back to wherever you'd come from with that brown sludge in your pants. I'm sure it was even worse walking bare-footed since I made you leave your shoes, cell phone, and wallet with me. [That prevented you from calling or running to your buddies to come help mug us again].
After I called your mother or "Momma" as you had her listed in your cell, I explained the entire episode of what you'd done. Then I went and filled up my gas tank as well as those of four other people in the gas station, -- on your credit card. The guy with the big motor home took 150 gallons and was extremely grateful!
I gave your shoes to a homeless guy outside Vinnie Van Go Go's, along with all the cash in your wallet. [That made his day!]
I then threw your wallet into the big pink "pimp mobile" that was parked at the curb ... after I broke the windshield and side window and keyed the entire driver's side of the car.
Later, I called a bunch of phone sex numbers from your cell phone. Ma Bell just now shut down the line, although I only used the phone for a little over a day now, so what 's going on with that? Earlier, I managed to get in two threatening phone calls to the DA's office and one to the FBI, while mentioning President Obama as my possible target.
The FBI guy seemed really intense and we had a nice long chat (I guess while he traced your number etc.).
In a way, perhaps I should apologize for not killing you ... but I feel this type of retribution is a far more appropriate punishment for your threatened crime. I wish you well as you try to sort through some of these rather immediate pressing issues, and can only hope that you have the opportunity to reflect upon, and perhaps reconsider, the career path you've chosen to pursue in life. Remember, next time you might not be so lucky. Have a good day!
Thoughtfully yours,
Alex
Thursday, Friday....
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Esquire Willy
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12:21 PM
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Saturday, February 27, 2010
what the hell has happened to....
this blog? john used to be good for one a week, but now it's like he just wants to sit and drink all the time...
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Bread
at
11:59 AM
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Thursday, February 25, 2010
I am delaying coming back...
mainly because I am scared of running into despondent Canadian hockey fans.
Posted by
Red A
at
5:52 AM
1 comments
Wednesday, February 17, 2010
Njoku scam
Hello ....
With all due respect, my name is Mr. William Njoku. I am 52yrs old, I am the Director In charge of Wire Transfer through Key Tested Telex (K.T.T), and wire transfer bank to bank (swift system) of NATIONAL BANK FOR INDUSTRIES, LOME TOGO. My department is in charge of all the Foreign Remittance and operational software that is to be undertaken by our bank. On a routine inspection I discovered a dormant domiciliary account with a BAL. of US$4.5 (Four Million, Five Hundred Thousand dollars) belonging to late Mr. ........, from your country.
On further discreet investigation, I also discovered that the account holder and his family all lost their lives in plane crash in a village called Adjarra near Porto Novou after taken off from Cotonou in Benin Republic where they went for a Concert .
For more on the plane crash log on to
http://news.bbc.co.uk/2/hi/africa/3348109.stm
Since I have been unsuccessful in locating the relatives for some time now i seek your consent to present you as the next of kin of the deceased, so that the proceeds of this account valued at US$4,500,000.00 dollars can be paid to you and then you and me can share the money. I have all the necessary legal information / Documents that can be used to back up any claim we may make. And these I must do to make sure that this fund is not wasted or end up in the wrong hands.
All I require is your honest co-operation to enable us see this transaction through. I guarantee that this will be executed under a legitimate arrangement that will protect you from any breach of the law. I am waiting your urgent reply. Please you can reach me through my private email address as indicated. And also be in mind that this transaction should be kept secret and confidential.
Thanks for understanding , waiting to hear from you urgently for more updates.
NB:YOU ARE ADVISED TO REPLY BACK USING MY PRIVATE EMAIL ADDRESS WHICH IS ( mrwilly_njoku@yahoo.fr ) FOR URGENT AND PROMPT ATTENTION.
Thanks and God bless you,
Mr.William Njoku.
International Remittance Unit,
National Bank For Industries,
Lome Togo.
Tel.+228-829-76-13
Private Email: mrwilly_njoku@yahoo.fr
Where do these freakin people come from.......
Tuesday, Wednesday .................
Posted by
Esquire Willy
at
2:55 PM
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Labels: Misc
Friday, February 12, 2010
Drunkest Towns in America
1.) Fresno, CA F
2.) Reno, NV F
3.) Billings, MT F
4.) Riverside, CA F
5.) Austin, TX F
6.) St. Louis, MO F
7.) San Antonio, TX F
8.) Lubbock, TX F
9.) Tucson, AZ F
10.) Bakersfield, CA F
Posted by
Red A
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12:12 PM
2
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Saturday, February 06, 2010
North Korean Dwarf
Posted by
Red A
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5:46 PM
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Tuesday, February 02, 2010
Hitchens on NK
"...a North Korean is on average six inches shorter than a South Korean."
A Nation of Racist Dwarfs 
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Rye
at
6:54 PM
1 comments
Labels: north korea
Monday, February 01, 2010
Some Concert Reviews, way post facto
Well here I am, firmly entrenched in bar studying. Phrases like "Holder in Due Course" and "Bona Fide Purchaser" dominate my existence, but not right now. Now I'm taking a brief moment to reflect on the shows I've seen in the past year.
Neil Young (Lethbridge, Alberta): Still can rock it out, though his voice has lost a bit. Hard to beat hearing Four Strong Winds when you're kicking it on the prairies. Unfortunately, this show was so overshadowed by the following night's performance by Leonard Cohen that I sometimes forget I was even there.
Leonard Cohen (Calgary, Alberta): I don't care whether you like his music or not. When a 76 year old man comes dancing onto stage, plays for over 3 hours, and captivates an entire theatre to the point where nobody wants to leave, it says something. Without question the best show I've ever seen. Who by Fire was probably the my favorite tune of the evening, but there really wasn't a bad one. There were probably ten standing ovations at various points. The fact it was a concert hall instead of an arena made it even better.
Laura Viers (Seattle, Washington): Laura puts on a decent enough show; the real problem was the venue (the Crocodile). Got there at 8, no chairs, stood around through a couple of opening acts until she finally appeared for a measly one hour. Most of the stuff she played was off of her July Flames album (new) and was decent, but man, I was just tired of standing. They did play Cohen's Songs album during the intermissions, so that was cool.
Lyle Lovett (Missoula, Montana): Lyle was performing as trio at a renovated opera house. GA seating, so my parents and I walked up ten minutes before the show and somehow managed to get into the third row. Lyle is comical as always, calls out pot smokers, and tells crying babies to act their age. Best song of the night was probably his version of Friend of the Devil, though North Dakota and Penguins were great, too.
Steve Earle (Missoula, Montana): If I wanted to see a Townes Van Zandt concert, I would rent a DVD. If you're adding something new to the song, fine. If you're just trying to introduce people to Townes, fine -- do it in one song. You're not Sarah McGlaughlin, I don't need to hear your voice that bad.
Taj Mahal (Missoula, Montana): Outstanding, but I don't reckon there a lot of fans on this sight, so I'll pass on any more detail.
Ladysmith Black Mambazo (Missoula, Montana): If you ever get a chance, just go. Trust me and thank me later.
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Bread
at
7:13 AM
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